Q2 (NYSE:QTWO) Price Target Raised to $75.00

Q2 (NYSE:QTWO) had its price target boosted by stock analysts at BTIG Research from $60.00 to $75.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. BTIG Research’s price target suggests a potential upside of 8.48% from the stock’s current price.

A number of other research analysts also recently issued reports on QTWO. DA Davidson downgraded shares of Q2 from a “buy” rating to a “neutral” rating and upped their target price for the company from $65.00 to $76.00 in a research report on Wednesday, July 24th. The Goldman Sachs Group upped their target price on shares of Q2 from $52.00 to $59.00 and gave the company a “buy” rating in a research report on Thursday, May 2nd. Robert W. Baird upped their target price on shares of Q2 from $60.00 to $65.00 and gave the company an “outperform” rating in a research report on Thursday, May 2nd. Morgan Stanley restated an “equal weight” rating and set a $50.00 target price (up from $40.00) on shares of Q2 in a research report on Thursday, May 2nd. Finally, Royal Bank of Canada upped their price target on Q2 from $60.00 to $76.00 and gave the company a “sector perform” rating in a research note on Thursday. Five analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Q2 has a consensus rating of “Moderate Buy” and a consensus price target of $62.47.

Q2 Stock Performance

QTWO stock traded up $1.67 on Thursday, reaching $69.14. 873,863 shares of the company were exchanged, compared to its average volume of 612,398. The firm has a market capitalization of $4.16 billion, a PE ratio of -51.53 and a beta of 1.55. The company has a debt-to-equity ratio of 1.06, a current ratio of 2.38 and a quick ratio of 2.38. The stock’s fifty day moving average price is $62.41 and its 200 day moving average price is $54.29. Q2 has a 12 month low of $28.91 and a 12 month high of $75.94.

Q2 (NYSE:QTWO) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.01. Q2 had a negative net margin of 12.35% and a negative return on equity of 5.88%. The firm had revenue of $165.51 million for the quarter, compared to analyst estimates of $163.58 million. On average, research analysts anticipate that Q2 will post -0.05 EPS for the current fiscal year.

Insider Buying and Selling

In other Q2 news, Director Jeffrey T. Diehl sold 27,248 shares of Q2 stock in a transaction dated Wednesday, May 29th. The stock was sold at an average price of $62.51, for a total value of $1,703,272.48. Following the transaction, the director now owns 750,314 shares in the company, valued at $46,902,128.14. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Q2 news, insider Kimberly Anne Rutledge sold 1,953 shares of Q2 stock in a transaction dated Thursday, July 11th. The stock was sold at an average price of $65.00, for a total value of $126,945.00. Following the transaction, the insider now owns 115,436 shares in the company, valued at $7,503,340. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey T. Diehl sold 27,248 shares of Q2 stock in a transaction dated Wednesday, May 29th. The shares were sold at an average price of $62.51, for a total value of $1,703,272.48. Following the completion of the transaction, the director now owns 750,314 shares in the company, valued at approximately $46,902,128.14. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 84,637 shares of company stock worth $5,224,320. Company insiders own 3.60% of the company’s stock.

Institutional Trading of Q2

A number of hedge funds have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Q2 by 54.2% in the second quarter. CWM LLC now owns 481 shares of the technology company’s stock worth $29,000 after acquiring an additional 169 shares during the period. Natixis Advisors LLC lifted its stake in shares of Q2 by 1.4% in the second quarter. Natixis Advisors LLC now owns 16,691 shares of the technology company’s stock worth $1,007,000 after acquiring an additional 237 shares during the period. Natixis Advisors L.P. lifted its stake in Q2 by 1.6% in the fourth quarter. Natixis Advisors L.P. now owns 16,188 shares of the technology company’s stock valued at $702,000 after buying an additional 259 shares during the period. Contravisory Investment Management Inc. lifted its stake in Q2 by 4.4% in the first quarter. Contravisory Investment Management Inc. now owns 7,164 shares of the technology company’s stock valued at $377,000 after buying an additional 304 shares during the period. Finally, MCF Advisors LLC lifted its stake in Q2 by 156.5% in the fourth quarter. MCF Advisors LLC now owns 613 shares of the technology company’s stock valued at $27,000 after buying an additional 374 shares during the period.

Q2 Company Profile

Q2 Holdings, Inc provides cloud-based digital solutions to regional and community financial institutions in the United States. The company offers Digital Banking Platform, an end-to-end digital banking platform supports its financial institution customers in their delivery of unified digital banking services across digital channels.